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20130101
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CNBC 7
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Search Results 0 to 11 of about 12
CNBC
Dec 24, 2012 12:00pm EST
government is talking about it. the far and away, the number one place it avoid are long-term interest rates sensitive bonds in the united states. if there was ever an investment more obvious to avoid, i don't know what it is. stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a dow and i will show you. by the way, bonds collapse was the big call of 2012, and spectacularly wrong for a lot of people. but that's still on for a lot of people. there you see, just off of the lows there. maybe about 60-something is the bottom on the dow jones investment average. trading shortened by the holiday. material stocks led the way and of course some other stocks, consumer dis
CNBC
Dec 28, 2012 3:00pm EST
thinking ahead, todd? >> look at the spending cuts, 25% of gdp comes from government spending, historically it's 20 it is. if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see g
CNBC
Dec 26, 2012 3:00pm EST
about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffan
CNBC
Dec 26, 2012 4:00pm EST
letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying
FOX Business
Dec 26, 2012 3:00pm EST
next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and october represented the highs, we will be looking at 2014 before we see the lows and probably 2015 before we can exceed those highs. ashley: gdp dropping by 2%. the latest housing numbers continue to be well not spectacular, certainly heading in the right direction. it seems to me that the more optimistic in your outlook. >> housing and the stock market to different asset classes. housing has gone down a lot with the housing rate, it will continue to re
CNBC
Dec 27, 2012 4:00pm EST
the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing t
FOX Business
Dec 24, 2012 12:00pm EST
better job of managing things like airports and the government tenders to do, but people in chicago are kind of wary about this. he wants to privatize midway airport. have a deal. ithey deal to do it for $2.5 billion. airports are huge generators of cash. the parking concessions, food and beverage concessions, rental car rentals, the places that do that tends to be a big cash generator. companies like to get in on that, i like to do it more efficiently. but here's the problem. don't get the money up front and spend it somewhere. say this time they will not do that, to be a revenue stream. instead of a revenue jumped to balance the budget. i guess we will see. ashley: just come it looks markedly orderly behind you given the time of year, it is christmas eve. speak jeff: it is not too bad it i.this used to be the world's busiest airport. not too bad today. ashley: not bad at all. jeff flock at midway airport in chicago. thank you so much. the closing bell in 26 minutes or thereabouts, the gift that keeps on giving. gold is up. will the bull run continue into 2013, and how should you p
FOX Business
Dec 28, 2012 3:00pm EST
why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning that the companies could under perform, but there's another wall street player, and that's fidelity saying watch for the banks, not just because they are under pressure as they track the general economy, but it's because business capital spending is down as of the third quarter, really went south, worried about that and activity dropping off by 20% versus the prior year, and banks make a lot of fee money. people, you know -- excuse me, a trill
CNBC
Dec 28, 2012 4:00pm EST
solution. we can still count on government to disappoint us each and every time that we need their support, that's a beginning, yet we've had two 10% corrections already this year in stocks, including dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay.
FOX Business
Dec 27, 2012 3:00pm EST
is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball game. who's serve is it not? it is going back and forth in washington on what kind of plan we'll come up with. i wouldn't be, the volume's been low. i don't think we'll miss a huge move. i've been saying buy 85, sell 90. probably drift a little higher until the end of the year and see what happens going into the new year. ashley: so much uncertainty. thank you so much, gentlemen. we have ben and da
FOX Business
Dec 31, 2012 3:00pm EST
government to what those tax revenues are that comment. must we not at some point make everybody feel it, not talking specifically about the spending cuts part of this. it's going to hurt, but don't we need our own form of austerity? wheel of the europeans and yet all we want to do is tax the wealthy more. okay. the wealthy will take a little bit, but were not coming in with meaningful spending cuts. >> two different kinds of cuts that we need to keep in mind. one is the overall deficit which is going to take half a decade to a decade to resolve and get the whole thing back in proper order. you cannot do it in one or two years. you have to be careful with austerity, and one of the big things and was being talked about over these last several months is the austerity that could have been or might be created by the fiscal cliff. taking money out of the pockets of the taxpayers. and making serious budget cuts at the simultaneous. the result is a serious austerity and buy every economist and author of the economy back into a recession. it's a matter of timing. how do we time the cuts over wha
CNBC
Dec 31, 2012 4:00pm EST
whole lot more money and it's going to cost the government more. better to have them in medicare where the administration costs are 4% instead of 20%. so, that's really an awful idea. the idea of means testing, it already is means tested. if you want means tested a little bit more, be my guest, but means testing medicare really doesn't save you very much money. that's silliness. and i'm generally against means testing many programs anyway because i think for programs like this, which are really safety net programs, everybody needs to be in them to have the political impetus. and finally, medicare is the only really efficient universal health care program that we have in the country. why you want to kick people out of it is beyond me. >> i would really like to ask you, how you feel about being an american, someone who obviously has been in a very prominent leadership position here. we've spoken with many very prominent people, such as yourself, like ed rendell who said, what has been going on in congress right now, going right down to the wire, means that we've become an embarrassment,
Search Results 0 to 11 of about 12